News & Blog

I am a keen rugby fan and it is known there are many lessons to be learnt from sporting activities that can be applied to business. In winning the 2003 Rugby World Cup, Clive Woodward clearly espoused these qualities. Reading his account of the World Cup victory whilst on holiday, one aspect of his management style stuck with me, namely the adoption of “CRITICAL NON ESSENTIALS (“CNE’s”)”.

The complete set of records to meet MTD requirements does not have to be held in one place or one program. Digital records can be kept in a range of compatible digital formats. Taken together these form the digital records for the VAR registered entity.

Whilst large businesses always grab the headlines, the fact is it is small companies that have always been the UK’s economic backbone.

According to the latest Federation of Small Business figures, small enterprises account for 99.3% of all private sector businesses, with total employment within small to medium sized enterprises at 16.1 million, or 60% of the UK workforce.

Richard Branson’s popular quote on employee engagement and well-being is a mantra I believe many directors echo. But what happens when you can no longer take care of your employees because your company is insolvent?

Registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales, details about our audit registration can be viewed at www.auditregister.org.uk, under reference number C001091748, and details of all audit regulations can be accessed at www.icaew.com/regulations. A list of members can be found under Legal Notices. Thomas Westcott has offices in Axminster, Barnstaple, Bideford, Bridgwater, Burnham on Sea, Crediton, Exeter, Holsworthy, Honiton, Ilfracombe, Okehampton, Plymouth, Seaton, Somerton, Tiverton, Torquay and Weston super Mare.

You are now leaving the Thomas Westcott website. Thomas Westcott is not responsible for the content of the PrimeGlobal website nor the content of the websites of other independent member firms of PrimeGlobal. Equally, PrimeGlobal is not responsible for the content of the websites of independent member firms, including the Thomas Westcott website.